GMS Inc. (NYSE:GMS) Receives $89.63 Consensus Price Target from Brokerages

GMS Inc. (NYSE:GMS) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $88.88.

A number of analysts have issued reports on the stock. Royal Bank of Canada cut their price objective on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a report on Friday. Truist Financial cut their price target on shares of GMS from $105.00 to $95.00 and set a “hold” rating for the company in a report on Friday. Barclays cut their price target on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating for the company in a report on Friday. Loop Capital cut their price target on shares of GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday. Finally, Robert W. Baird cut their price target on shares of GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a report on Friday.

Insider Buying and Selling

In related news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the transaction, the senior vice president now directly owns 10,360 shares in the company, valued at approximately $1,000,465.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GMS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in GMS by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock valued at $204,600,000 after acquiring an additional 14,005 shares during the period. Pacer Advisors Inc. increased its position in GMS by 57.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock valued at $103,068,000 after acquiring an additional 456,692 shares during the period. Federated Hermes Inc. increased its position in GMS by 8.1% in the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock valued at $83,967,000 after acquiring an additional 76,417 shares during the period. Westwood Holdings Group Inc. acquired a new position in GMS in the 1st quarter valued at approximately $68,693,000. Finally, Capital International Investors increased its position in GMS by 15.0% in the 4th quarter. Capital International Investors now owns 611,792 shares of the company’s stock valued at $50,430,000 after acquiring an additional 79,792 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Stock Performance

NYSE GMS opened at $81.82 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 2.17 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $3.26 billion, a P/E ratio of 12.16 and a beta of 1.72. GMS has a 12-month low of $56.58 and a 12-month high of $101.04. The firm has a 50-day moving average price of $92.35 and a two-hundred day moving average price of $88.91.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, June 20th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.11). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. GMS had a net margin of 5.02% and a return on equity of 24.05%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.11 EPS. Analysts anticipate that GMS will post 8.79 earnings per share for the current year.

About GMS

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.